A WORLD OF CRYPTO

Digital currencies may take over the world and replace national currencies

We all know that cryptocurrencies are more like commodities, rather than stocks. They have prices but they still differ materially from most trading instruments. Exchange may be the only similarity between the two of them. Because of the decentralized nature of digital currencies, it means that they cannot be stopped by governments or central banks, nor can they be easily manipulated. Researches and various studies have pointed out that the number of cryptocurrency users is rapidly growing, and could reach more than 6 million by 2019. But can they take the place of national currencies, and become leading global currencies in the financial markets?

For example, Bitcoin, the world’s first digital currency, has been widely adopted by the world’s largest technology companies, which are now using Bitcoin for their transactions. But this isn’t only about big companies. A lot of new small and medium companies are beginning to accept cryptocurrencies, realizing that they truly represent the future. With constantly growing awareness about Bitcoin, confidence in the cryptocurrencies markets is rapidly increasing. Although digital currencies are still not fully adopted on a global level, they are gradually evolving and causing the huge booms that we are witnessing.

The more companies start accepting them, the more awareness they receive, and so their value skyrockets even further. More and more people are getting involved in this world every day, which is attracting the interest of many investors who want to diversify their portfolio and create new, stable income sources.